Zacks Research Has Bullish Outlook for TDS FY2027 Earnings

Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) - Zacks Research boosted their FY2027 earnings per share (EPS) estimates for Telephone and Data Systems in a research note issued on Thursday, April 24th. Zacks Research analyst R. Department now anticipates that the Wireless communications provider will earn ($0.27) per share for the year, up from their prior forecast of ($0.32). The consensus estimate for Telephone and Data Systems' current full-year earnings is ($0.31) per share.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS.

Separately, JPMorgan Chase & Co. increased their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, February 24th.

Telephone and Data Systems Stock Down 13.3 %

Shares of NYSE:TDS traded down $4.99 during trading on Monday, reaching $32.65. The stock had a trading volume of 693,051 shares, compared to its average volume of 1,090,429. The firm's 50-day simple moving average is $36.21 and its 200 day simple moving average is $34.49. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems has a one year low of $14.04 and a one year high of $41.21. The company has a market capitalization of $3.72 billion, a P/E ratio of -6.04 and a beta of 0.62.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's dividend payout ratio is currently -18.60%.

Institutional Investors Weigh In On Telephone and Data Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at about $246,000. Norges Bank acquired a new position in Telephone and Data Systems during the 4th quarter valued at approximately $23,776,000. CWA Asset Management Group LLC purchased a new position in shares of Telephone and Data Systems in the fourth quarter worth $710,000. Consolidated Planning Corp lifted its stake in shares of Telephone and Data Systems by 35.4% during the fourth quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider's stock worth $1,314,000 after buying an additional 10,063 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of Telephone and Data Systems during the fourth quarter worth $203,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.